11:37 AM EDT, 03/26/2026 (MT Newswires) -- Karman Space & Defense (KRMN) is "well positioned to beat and raise across 2026" on demand for advanced missile and defense systems, supported by a "strong economic moat" from proprietary technology and key industry partnerships, RBC Capital Markets said Wednesday in a report.

Karman continues to sound confident in maintaining industry-leading margins after reporting fiscal Q4 results that were largely in line with Wall Street expectations, RBC said.

Karman expects to achieve 27% organic growth in 2026, the report said. "We believe top-line growth will remain a focus for investors, and we are encouraged by the backlog increase" to over $800 million exiting 2025, RBC said.

"The company has capacity to continue with a robust acquisition pace," though "we expect any M&A to be smaller bolt-on acquisitions and do not expect any large transactions," the report said.

RBC maintained its outperform rating on Karman stock with a $125 price target.

Price: 92.49, Change: -7.11, Percent Change: -7.14